Madoff as Metaphor
Many people were outwitted by Madoff. Many more people are today being outwitted by the government and its central bank. And it will all end in disgrace and disaster, only on a far, far grander scale.
Booms and Busts
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New Eras, Old Fallacies: The Fed and the Coming Recession
1998 Mises Institute Supporters Summit, Palm Springs, California; February 27-28, 1998.
Government’s Role in Banking Crises Around the World
Recorded at the Toronto Stock Exchange; September 16-17, 1999.
The Rise and Fall of the Japanese Miracle
Recorded at the Toronto Stock Exchange; September 16-17, 1999.
Madoff and the Failure of the SEC
Tragically, it is in the nature of government, when its failures are exposed, to claim that if only it had more power it could have performed its duties in the manner it had promised.
Tulip Fever
But still more disastrous than the impoverishment the boom produces are its moral ravages. It makes people despondent and dispirited.
A Puzzling Facet of the Recent Financial Panic
Bob Higgs' 1997 article "Regime Uncertainty," now appears in slightly revised form as the first chapter of his 2006 book Depression, War, and Cold War.
Evidence that the Fed Caused the Housing Boom
I feel confident in claiming that the housing boom would not have occurred if money and banking had been left in the hands of the private sector, as opposed to the state-organized cartel that we currently "enjoy."
Now It’s Jobs
If we are really sincere about not wanting to repeat the 1930s, the political classes should do nothing but cut taxes and free the labor market — but otherwise do nothing to "help" the problem.
